The enterprise search market has reached a critical point. While the need for search capabilities has grown in a widening array of applications, the market for these tools is reaching a saturation point, with revenue decreasing and pressure on suppliers' bottom lines rising. The end result is companies now find more enterprise search systems available at reasonable prices than ever before, but the number of vendors offering these products may soon dwindle. Companies can find a wide range of possible solutions and chances are good that one will mesh with their business requirements, but the long term future for many of the suppliers is unclear. Consequently, a business could make a purchasing decision and find its vendor acquired or perhaps out of business in a few years. In sum, for buyers, it is the best of times, but it is also the worst of times to be on the looking for an enterprise search system.
Data expansion has been driving user interest in search systems. In most enterprises, storage requirements have been increasing at healthy rates, 10 percent on the low end and 100 percent in certain cases. "Many companies have generated information that can help employees do their job more efficiently, but often they cannot easily locate that data," stated John Turnbull, president and CEO of Thunderstone Software LLC. Consequently, search system design has been changing. Traditionally, these tools were built as horizontal products. They were constructed to consolidate and prioritize information found in many different locations. Vendors' focus initially was on widening the reach of their products, enhancing them so they could find multiples types of documents, Web content and video images. The more data sources they could examine, the more valuable their products became.
Recently, that outlook has changed. While there can be value in bringing information from multiple sources into a central location, the reality is that enterprise customers usually require specific rather than general pieces of information. For instance, in large corporations, employees often need to sift through millions of items to pull out a handful of records. While search works much of the time, it is still far from perfect. According to Outsell, users' searches fail 31 percent of the time, largely because they do not identify specific data elements. "Vendors have been trying to have their search systems deliver more precise information," stated Leslie Owens, an analyst with Forrester Research.
To increase the likelihood of returning relevant data to users, search vendors have made their systems more application specific. For instance, Coveo tweaked its product and now has search systems for Customer Service & Call Center, email and extranet applications. In other cases, suppliers have focused on specific vertical markets. For example, Recommind has concentrated on building eDiscovery tools.
Mobility is another area having an impact on the enterprise search market. Smartphones have become a staple in many executives' business arsenals. Consequently, they want to be able to be able access corporate data on cell phones whenever they are traveling out of the office. Since these are small devices, vendors have tweaked their search systems to simplify data collection. Vivisimo's Velocity for Mobile can be configured to crawl and index special collections—including customer data, support logs and contract databases—then call out those results above the main result set.